Look:
| Summary of Economic Results |
| Item |
Unit |
Base Case |
3-Y Avg* Case |
Spot Price** Case |
Real Options Case |
| Metal Price |
|
|
|
|
|
| Copper |
US$/lb |
3.25 |
3.63 |
3.69 |
3.25 |
| Gold |
US$/oz |
1,445.00 |
1,445.00 |
1,736.00 |
1,445.00 |
| Silver |
US$/oz |
27.74 |
27.74 |
32.71 |
27.74 |
| Molybdenum |
US$/lb |
14.64 |
14.64 |
11.34 |
14.64 |
| Exchange Rate |
US:Cdn |
0.97 |
0.99 |
1.02 |
0.97 |
| Pre-tax Economic Results |
|
|
|
|
| Operating Cash Flow |
CDN$ M |
10,746 |
12,065 |
12,161 |
11,284 |
| NPV (at 5%) |
CDN$ M |
1,694 |
2,348 |
2,419 |
2,665 |
| NPV (at 8%) |
CDN$ M |
513 |
967 |
1,024 |
1,382 |
| NPV (at 10%) |
CDN$ M |
25 |
388 |
437 |
836 |
| IRR |
% |
10.13 |
11.9 |
12.14 |
15.4 |
| Payback |
Years |
6.48 |
5.81 |
5.7 |
4.9 |
| Cash Cost/lb Cu |
CDN$/lb |
1.15 |
1.19 |
1.12 |
1.15 |
| Total Cost/lb Cu |
CDN$/lb |
2.09 |
2.14 |
2.07 |
2.09 |
| Avg Annual operating Cash Flow*** |
Millions |
371 |
414 |
425 |
640 |
Real Case Option @ 10% is 836 million! This is 2$ a share! You guys all need to have a drink/take a pill. This is what is used, the RCO. At 12%, it's STILL positive! Basic bare-bone FS. I'm sure someone at Teck knows how to NPV @ 12%. The shares will not be given to us because we won't need them. From the mouth of the CEO: We deal fairly with juniors, especially the ones with 65% insider ownership! Fair value...he said, fair value!
Maybe some might need to read WGs last posts on his blog. You guys know it, he understands geology. See what we have and re-think the whole <we're gonna get screwed by Teck>
http://goldcoppertungsten.blogspot.ca/2013/01/cooper-fox-bfs-better-than-it-looks.html
http://goldcoppertungsten.blogspot.ca/2013/02/copper-fox-cuuv-hidden-details.html;
http://goldcoppertungsten.blogspot.ca/2013/01/copper-fox-270m-for-15b-worth-of.html;
Sheesh
